German Merck downgrades forecasts in 'transition year'
Life sciences company Merck KGaA (MRK: DE) revealed declining sales and profits in its latest quarterly sales figures, but the sums still exceeded the expectations of analysts.
Sales at the German firm decreased organically by 1.1% to 5.3 billion euros ($5.3 billion) in second-quarter 2023.
Earnings before interest, taxes, depreciation and amortization (EBITDA), before one-offs, dropped 7% to 1.6 billion euros.
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